Playa Hotels & Resorts (NASDAQ:PLYA) Shares Bought by BNP Paribas Financial Markets

BNP Paribas Financial Markets boosted its holdings in shares of Playa Hotels & Resorts (NASDAQ:PLYA) by 7.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,081,651 shares of the company’s stock after acquiring an additional 73,614 shares during the quarter. BNP Paribas Financial Markets owned about 0.78% of Playa Hotels & Resorts worth $10,492,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Inceptionr LLC acquired a new stake in Playa Hotels & Resorts during the fourth quarter worth $93,000. Counterpoint Mutual Funds LLC acquired a new stake in shares of Playa Hotels & Resorts in the first quarter valued at $134,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Playa Hotels & Resorts by 16.9% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 18,233 shares of the company’s stock valued at $158,000 after buying an additional 2,634 shares in the last quarter. HBK Sorce Advisory LLC grew its stake in shares of Playa Hotels & Resorts by 6.2% in the fourth quarter. HBK Sorce Advisory LLC now owns 23,548 shares of the company’s stock valued at $204,000 after buying an additional 1,369 shares in the last quarter. Finally, Clear Harbor Asset Management LLC grew its stake in shares of Playa Hotels & Resorts by 8.5% in the fourth quarter. Clear Harbor Asset Management LLC now owns 31,900 shares of the company’s stock valued at $276,000 after buying an additional 2,500 shares in the last quarter. Institutional investors and hedge funds own 74.58% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft dropped their price objective on Playa Hotels & Resorts from $16.00 to $14.00 and set a “buy” rating for the company in a research note on Thursday, May 9th.

Playa Hotels & Resorts Trading Down 1.5 %

NASDAQ:PLYA opened at $8.06 on Wednesday. The firm has a market cap of $1.07 billion, a PE ratio of 17.52, a price-to-earnings-growth ratio of 0.64 and a beta of 1.60. The stock has a fifty day moving average price of $8.49 and a 200 day moving average price of $8.77. Playa Hotels & Resorts has a 12-month low of $6.88 and a 12-month high of $9.85. The company has a current ratio of 2.26, a quick ratio of 2.16 and a debt-to-equity ratio of 1.81.

Playa Hotels & Resorts (NASDAQ:PLYA) last released its earnings results on Monday, May 6th. The company reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.06. The firm had revenue of $300.64 million during the quarter, compared to analyst estimates of $273.77 million. Playa Hotels & Resorts had a return on equity of 12.08% and a net margin of 6.52%. Playa Hotels & Resorts’s revenue was up 9.8% compared to the same quarter last year. During the same period last year, the business posted $0.31 earnings per share. Sell-side analysts anticipate that Playa Hotels & Resorts will post 0.56 earnings per share for the current fiscal year.

Insider Activity at Playa Hotels & Resorts

In related news, Director Karl Mr. Peterson sold 60,000 shares of Playa Hotels & Resorts stock in a transaction on Friday, June 14th. The stock was sold at an average price of $8.31, for a total value of $498,600.00. Following the completion of the transaction, the director now directly owns 2,469,033 shares in the company, valued at $20,517,664.23. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 9.70% of the stock is currently owned by company insiders.

Playa Hotels & Resorts Profile

Playa Hotels & Resorts N.V., together with its subsidiaries, owns, develops, and operates resorts in prime beachfront locations in Mexico and the Caribbean. It owns and manages Hyatt Zilara Cancún, Hyatt Ziva Cancún, Wyndham Alltra Cancún, Wyndham Alltra Playa del Carmen, Hilton Playa del Carmen All-Inclusive Resort, Hyatt Ziva Puerto Vallarta, and Hyatt Ziva Los Cabos located in Mexico; Hyatt Zilara Rose Hall, Hyatt Ziva Rose Hall, Hilton Rose Hall Resort & Spa, Jewel Grande Montego Bay Resort & Spa, and Jewel Paradise Cove Beach Resort & Spa situated in Jamaica; the Hilton La Romana All-Inclusive Family Resort, the Hilton La Romana All-Inclusive Adult Resort, Hyatt Zilara Cap Cana, Hyatt Ziva Cap Cana, and Jewel Palm Beach located in the Dominican Republic; and manages resorts on behalf of third-party owners.